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Lebanon govt budget to rise by 15 pct in 2012 – Fin Min

Lebanon govt budget to rise by 15 pct in 2012 – Fin Min

Lebanon's 2012 government budget will increase by roughly 15 percent and the deficit will not be more than $3 billion at best, the country's finance minister said on Tuesday.


September 7, 2011 10:36 by

“The budget will increase by 15 percent roughly. Our deficit will be not more than $3 billion at best. So we’ll be borrowing,” Mohammed Safadi told Reuters without giving further details.

“Our expectations, it (inflation) will not be less than 3 percent next year. But we are expecting growth of not less than 4 percent real GDP growth in 2012,” he said ahead of a Wednesday meeting of Arab finance ministers in the capital of the United Arab Emirates. (Reporting by Martina Fuchs; Writing by Martin Dokoupil; Editing by Firouz Sedarat)

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